While Nano X Imaging Ltd has underperformed by -5.83%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NNOX rose by 46.10%, with highs and lows ranging from $14.28 to $5.26, whereas the simple moving average jumped by 10.63% in the last 200 days.
On January 06, 2025, D. Boral Capital started tracking Nano X Imaging Ltd (NASDAQ: NNOX) recommending Buy. A report published by Alliance Global Partners on September 08, 2023, Initiated its previous ‘Buy’ rating for NNOX. Cantor Fitzgerald also rated NNOX shares as ‘Overweight’, setting a target price of $21 on the company’s shares in an initiating report dated January 05, 2023. Ladenburg Thalmann Initiated an Buy rating on April 19, 2021, and assigned a price target of $52. Oppenheimer initiated its ‘Perform’ rating for NNOX, as published in its report on September 15, 2020. Cantor Fitzgerald’s report from September 15, 2020 suggests a price prediction of $70 for NNOX shares, giving the stock a ‘Overweight’ rating. Berenberg also rated the stock as ‘Buy’.
Analysis of Nano X Imaging Ltd (NNOX)
Further, the quarter-over-quarter increase in sales is 22.27%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Nano X Imaging Ltd’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -27.17% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.56, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 3.25M can be a very valuable indicator of volatility for NNOX stock. On a monthly basis, the volatility of the stock is set at 10.82%, whereas on a weekly basis, it is put at 7.98%, with a loss of -1.20% over the past seven days. Furthermore, long-term investors anticipate a median target price of $15.00, showing growth from the present price of $8.24, which can serve as yet another indication of whether NNOX is worth investing in or should be passed over.
How Do You Analyze Nano X Imaging Ltd Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 9.37%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 18.37% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
NNOX shares are owned by institutional investors to the tune of 18.37% at present.
